Indexed by the Research DeskTranscript AI-assisted from the recordingNot investment advice
Key points
- AI is advancing rapidly, potentially solving complex problems and empowering individuals, but also raising concerns about control.
- Bitcoin's current demand is driven by the pursuit of high yields (11.5%), not necessarily belief in the asset itself.
- Privacy-focused cryptocurrencies like
Chapters
- 0:00:00AI's Impact on the Economy
- 0:06:00AI and Problem Solving
- 0:10:00Bitcoin's Demand Drivers
- 0:15:00Privacy in Crypto: Midnight and
Covered in this episode
Transcript
Show the full transcript (4 segments, 19,239 words)
[Part 1 of 4] [00:00] If if we had not had AI, we would be $8 billion less. We have five IPOs, none of them would have happened because I use the AI to design the securities and solve all the tax problems and all the securities law issues. You know, so I like I'm a big believer in using AI to design new things. And look, I'm just I I focus upon digital credit and securities, but there's someone there thinking about how to make the car drive and cure cancer and like like aren't there like 100 million problems the human race has to solve that we that you're like, well, you're going to need a thousand people with PhDs to solve that. Well, guess what? Now every 16-year-old has a thousand PhDs at their fingertips and so I'm very bullish. The world's going to be a much better place and and we're going to see an age of empowerment and abundance because of the digital technology. [01:00] And we could see a resumption of the primary trends in gold and Bitcoin, meaning gold resuming the uptrend and Bitcoin resuming the downtrend. And I think it's also interesting that the main driver of the Bitcoin enthusiasm now and the buying is coming from strategy, selling 11 and a half% uh, you know, preferred in basically the equivalent of a Ponzi scheme, but creating a lot of demand by people who either don't know it's a Ponzi or don't care. They want 11 and a half% yield and so by offering people 11 and a half% yield, Sailor has raised billions of dollars, which he has then used to buy Bitcoin. But had he not bribed people with 11 and a half% yield, he would not have had the money to buy all that Bitcoin. So that's interesting that the demand for Bitcoin is not because people want Bitcoin. It's because people want 11 and a half% yield. Now, they're they're not going to get it in the in the long run because the whole thing is going to collapse. But that's what's driving Bitcoin, not demand for the Bitcoin itself. People aren't buying strategy or or stretch because they want Bitcoin. If they wanted Bitcoin, they'd just buy it. They're buying stretch because they'd rather have 11 and a half% return than Bitcoin. [02:22] Plus, there's a lot of unique technology in Midnight that's going to make the use of Cardano safer. Like Midnight password will be the fastest, safest and easiest way to use Cardano. So, we gain all the usability benefits and so forth. Plus, I'd argue that it's an essential component of Bitcoin. That Bitcoin is hard. When you look at that side of it, you're like, okay, Bitcoin users, they want privacy. So, Cardano could do a lot of the heavy lifting on the programming side, but what is the private coordination layer to do all that? So, we're actually working on this programming for Bitcoin DeFi setup, what we call it the the circle. So, you start with Bitcoin, your capital, I don't know, for 50 Bitcoins of my own money. This is for Bitcoin. So, you start with Cardano and uh Bitcoin. You lend it to stable coins. So, that all occurs on Cardano. Sure, it's specialized transactions through the protocol grid. And then that stable coin would then be deployed into a yield bearing instrument. And then as you make yield, the yield is converted to Bitcoin and then it's sent to your Cardano address. And then Midnight coordinates all that makes it private. So, you you have like all three networks working together, and you have this circle, and then from the Bitcoin user's perspective, you just give them a button. Make money. Click the button. And then it locks their Bitcoin and you start generating a yield. The security actually anchors with Cardano on the Bitcoin network. So, it's unique my three rules that I have for Bitcoin DeFi. One, there's only Bitcoin. So, I just thought. [03:43] Bitcoin, Litecoin is better money than than fiat, obviously. It's also better money than gold, right? I think it's I believe it's the best form of money that um humans have ever come across. Right? Money being good, being that it's um it's inflation proof, right? No one, no single person, company or or government can print more money, right? Can print money and fade away the money you're holding, uh your storing. Right? That's kind of one of the key things about money is if you work hard, you make money, you don't want that money to kind of disappear over time, not from your own doing. Right? So that's that's key and Bitcoin, Litecoin and uh most cryptocurrencies, um is able to to do that. Right? [04:29] I could have the argument that real estate's better than Bitcoin for a number of reasons, by the way, depending on who you are. Um, your audience would probably disagree because they're probably a bunch of, you know, Bitcoin maximalists. They don't have as much Bitcoin as the real estate guy, by the way. No, I I'll tell you right now, hold on one second. See, that's the funny thing, dude. That me and my brother were talking about this yesterday. You know, the guys that know the most seem to have the least. [04:58] 100%. That that I think I probably agree with you on. I think it should be a bigger issue within the crypto system and the ecosystem. What do you think? [05:07] I think it will be. I think privacy is going to be the the new if you want in my view, and this is what I'm tasking the investment professionals at Mailstrom to sort of figure out. I think that the standout shitcoin or, you know, few shitcoins of 2026 to 2028 will be related to some way shape or form to privacy. We already saw the, you know, amazing move of Zcash over the last few months. Yes, it's down 50% from the 780 high, but I think again, my goal is, you know, my mental model is 10 to 20% the value of Bitcoin. That's what Zcash ends up. So, much higher than where it is today. But, you know, taking away Zcash, what is the token project protocol that's going to utilize some privacy technology, probably something related to ZK, zero knowledge proofs to do something whether that's quantum resistance, you know, the AI overlord can't deanonymize our data or, you know, see what we're doing. Whatever it is, right? These are the things that we're literally afraid of of what bad things that can happen with the proliferation of big tech, big government. [06:16] Don't Trump getting elected and knowing that we share friends in the White House for all the populist parties of Europe who are under attack. Every single populist leader. If you look at the leaders, and my last documentary was called Silence. I got 18 months in prison for my last documentary. The reason I aired it is because the documentary was so bigger than me. It's exactly what they're doing. [06:37] What first got you excited about blockchains? Think about it. Oh wait. I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing a broken financial system. Maybe it was imagining a world where people own their own data and get to sharing the value it creates. Or maybe it was the promise of a fundamentally better way of connecting, communicating and transacting. The next phase of the internet that empowers us instead of exploiting us. So, why hasn't it happened yet? Where we're still living with the same broken system that blockchains promised to fix. It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. And that's why we built Midnight to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. [07:57] Ladies and gentlemen, we all know this in crypto. Ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets, all in one easy to use application. You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. Swap between coins in seconds. No copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards. Simple, secure, self-custody. Download Cake Wallet and take control of your crypto. [08:41] This is Houston. T minus one minute until full data blackout. All eyes are on you. Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. Is that guy in FOMO? Oh, he's just like me for a crazy trade. Yeah, let's get back to it everybody. Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. Opportunity cost is simply this. Every position you take is a position you choose over something else. This just in. According to the astronaut's FOMO account, the highest in the room, the satellite has been restored. Yes. For now, the crisis appears to be over. That's all right. We're up and running. Positions looking good too. [10:25] There we go. United States of America representing. Socialism does not work. Digital assets. Is it better to move money at the speed of light? People are greedy when they also try to acquire gold. I am here providing electricity. And that energy that is necessary. I am the modern day Tony Stark. [10:56] There we go. United States of America representing. Socialism does not work. Digital assets. Is it better to move money at the speed of light? People are greedy when they also try to acquire gold. I am here providing electricity. And that energy that is necessary. I am the modern day Tony Stark. [11:30] Welcome, welcome, welcome to the breakdown episode 783 sponsored by Midnight Midnight. Shout out to Midnight. Seeking privacy looking to Midnight. Also Midnight City, you can go ahead and chill out there. We're about to form a gang on there and fucking take over. That's right. I ain't playing. I said what I said. Oh man, I can't wait until I get a haircut. Fuck it, I'll let it grow out. I I don't give a shit. Anyway, Polymarket is also the official prediction market sponsor of the breakdown. So let's fucking give them a round of applause. Cake Wallet Cake Wallet, one of the most secure wallets. Man, I that was a bar. Cake Wallet Cake Wallet, one of the most secure yeah, that's yeah, I'm I'm yeah. Fire Marshall Bill my lyrics. Uh Cake Wallet, one of the most secure wallets in the crypto space. So if you're looking for a hot wallet to put your Bitcoin on, your Litecoin on, Monero, Zcash, go ahead and download Cake Wallet. App Store, Google Play, or you can go to cakewallet.com also. And re or ref factory reset your phone. If you if you're not using a phone, you got a phone, okay, that you don't use and you're scared to go ahead and you know, use cold storage after what happened with Coldcard and and all the freak accidents that have happened. Go ahead and factory restore your phone. Download Cupcake. Most of you guys not not that listen, not the food, but Cupcake and download it onto your phone and hey, listen, use Cupcake made by uh Cake Wallet and feel safe. Feel really safe with your stuff. Cuz it would sucks to get drained. Also, FOMO. Shout out to FOMO. FOMO is a sponsor of this show. FOMO family, we are family. Go on to FOMO, use my link. Use my link to go ahead and participate on FOMO. Anybody following me on FOMO will be eligible to participate in a contest. I'm going to do a giveaway. They'll be able to be eligible to participate in a contest that I'm going to call probably throw out there this week. Either this week or next week. I I don't know. Make sure you're following. Make sure you're following. Also FOMO's pretty cool to go ahead and keep up to date with what people are trading in real time. Real time, why are people going into in certain memes if you want to call them and why why are they trading them or why are they holding them? There you go. Go ahead. Go on with your bad self. Anyway, welcome. It is Monday. Monday the 14th 2026. There's a lot to talk about. We'll touch on a lot of topics here. I was looking through items, obviously on the weekend. I was looking through items today before coming on here. Yesterday I listen, man, shout out to the let me give a shout out to the New York Giants. New York's team, America's team. That's right. The New York Giants won 28 to 20 yesterday against the Dallas Cowgirls, I mean Cowboys. That's right. What a game. What a game. Man, the Giants offense, can I tell you the Giants offense looks like an offense. I I don't know, in the past decade, it hasn't looked like anything. It's looked like they were running out plays from PeeWee. Yesterday's game. Yesterday's game, Jackson Dart, who I liked. Some people didn't like like some people weren't thrilled with the like with the decision to pick Jackson Dart. Everybody wanted Cam Ward and how's he doing out there in Tennessee? Respectfully, he got a great arm, but how's he doing? And Daboll is the goddamn offensive coordinator. Okay, who was our coach. Here's Dart. Last year, Dart is just going yeah, Dart comes in to replace Russell Wilson, who's who's garbage, okay? Absolute trash. Here comes Dart and he does a good job. Like if you look at his numbers, did a did a phenomenal job playing a college system in the pros. Does a great job playing a college system designed for him to playing that in the pros. Yesterday, because all I heard during this offseason from the beat writers, they were saying Jackson Dart is not performing well, he doesn't look good. He's not connecting. And you know what? Here's the thing. The offseason training camp is supposed to be a time where you practice certain things, especially a new system. And you want to get things wrong until you can get them right. So here's Jackson Dart. And also during the preseason, people are like, oh, he doesn't look like he's connecting. Ya ya ya, whatever. Here's this game against the Dallas Cowboys. Sunday Night Football, National TV. First game of the season. First game of the season. When they started running these plays, I am looking at this and I'm like, holy shit, we look like a professional team. Compared to the last decade, when we threw out when we threw out Tom Coughlin, which was the dumbest decision ever by the Mara's. Since Coughlin, we haven't had a coach. We have not had a coach. Here comes Harbs. Harbs comes in. I wasn't a big fan of Nagy. Nagy installs his offense. Nagy has, you know, he's coming through with the fucking playbook from Kansas City. And we're running, we're running plays. And Jackson looks good. Jackson Dart looks fucking amazing. Malik Neighbors comes out there. Game time decision. Worried about his knee. He was healthy, but he said mentally he was just worried about his knee. He comes out there. Was he 100% himself? No, but he was out there and they had to make sure that they were covering Neighbors. And then the kid, oh my God, 88. We traded like a bunch of picks for him in the third round. I forgot his name. That's the last time I'll forget your name. I promise. That's the last time I'll forget your name. Fuck, let me look at this. That's fucked up that I forgot his name. Fucked up of me to forget his name. Here I am forgetting his goddamn name. The disrespect. Malakai Fields, okay? Rookie at Notre Dame. At Notre Dame. And Isaiah Likely. This man, this man, no wonder he left Baltimore. Like he was behind Andrews the entire time. Here comes Isaiah Likely. And and Jackson's just going to him. And then like there's a play in the fourth quarter where like Jackson Dart keeps hitting Singletary the entire time with the same play. And Dallas can't stop him. And can't stop the play. I mean, this looked like a real offense, smash mouth, bullying. Like they were bullying. And then the Giants defense, let me just tell you something, man. Abdul Carter, he's going to be a fucking superstar. Reese is a beast. Reese is a beast. He's 20 years old. That is scary. Can you can you imagine when he he starts to understand? And same thing with fucking Dart. Once Dart starts understanding the offense completely, oh my God. By the way, Odell Beckham didn't really get to play yesterday. Five, six snaps they put him in where he was blocking. Now, I I hope he starts like I think and there was one play that you can go back to where Isaiah Likely caught a pass where he like they tackled him by the one yard line. It was Beckham going through the middle that made everybody follow him and it left Likely wide open. Why is Beckham not playing? Why are you playing uh what's his name? Number 87. Why are you not playing Beckham? Are you not Oh my God, do you not see the success that um what's his name had? And yesterday's uh what's this? Diggs. Diggs had success. Diggs is having a success with uh with the Commanders. Why would you not play fucking Odell Beckham? Anyway, Scatabou's crazy. Okay, Scatabou is absolutely a nut job. This man is nuts. He is officially nuts. Like this this cat is nuts. But you know what? They could not stop him. They could not stop Scatabou. Shout out to Scatabou, bro. Coming back from that kind of injury is wild. Wild. They could not stop him. They could not stop him yesterday. But the Giants won. And the Jets won. The Jets won. Against Tennessee. That's crazy. That'll probably be the Jets' only victory of the year. Don't get too excited, Gary V and the rest of the Jets fans. That'll probably be only victory of the year. I'm sure you guys I I listen, I'll give you three wins. I think you guys win three games this year. And that's about it. I I think the Giants, I I know it's one game, but I think the Giants definitely are a better team than the Cowgirls because the entire time people were saying like the Giants are going to get destroyed. Yesterday, they were supposed to get annihilated. That didn't happen. Nice to see Banks stepping up. But like, hey, listen, I think the Giants can win the division. I really do think the Giants can win the division. I don't know. I'm just I'm just saying. I think the Giants have an absolute great chance of winning the division. If they stay healthy, of course. And Jackson Dart grows in or or grows within that system. And it's the same system that Mahomes, you know, Mahomes is on. So it's Jackson can run. You you guys saw it. He broke out for like I think what a 30, 40 yard run. I mean, this this cat can run. This cat can maneuver inside the pocket. He's a mobile quarterback with an arm. And he's accurate. So, and and the defense. I mean, if if Carter continues to grow and Reese starts to develop and their linebackers are huge. Like this is, yo, this is bully football. Oh, boy, if only my Rangers, if only my New York Rangers can get back to it, man. Can we fire Chris Drury and just put in Leon Rose as the general manager? Can we do that so we can win a Stanley Cup? I can we? Is this is this possible? My Rangers, man, I love y'all. Anyway, let's let's also talk about let's talk about crypto. We'll let's talk about AI. Anthropic CEO came out yesterday or the day before talking about AI is advancing way too fast. And it's getting to the point where, you know, it's uncontrollable. It'll it'll become uncontrollable. Oh, motherfuckers, have you not watched the movie The Terminator? I mean the documentary The Terminator? I Robot. Have you not watched this these fucking movies? I can't scream. I forgot. Hold on. I can't scream. I have to be calm. Okay? Have y'all not watched I Robot or The Terminator? Where in the fuck did you actually think you were going to be able to contain AI? It's moving faster than expected. No shit, Sherlock. No shit, Sherlock. Really? Now look, they could be saying all these things for their IPOs. You don't know what they do in their back channels, okay? You don't know what they do in their private meetings. You can have Sam Altman sitting there with the CEO of Anthropic. They're sitting there. They're chopping it up. Okay? They're chat, you know, listen, like we got IPOs that we want to come out. Let's let's go ahead and scare the shit out of the general public. Nah. This ain't I I don't think it's that though. I don't think it's that at all. AI, like as soon as like as soon as they started pushing AI, pushing and pushing and pushing it. AI, I'm telling you, within the next two look look how far AI has come. In four years, we've gone from multiple fingers, you know, you remember that fucking Will Smith fucking video. Multiple it looked all to now like you you don't even like now you're looking at videos and you're trying to figure out if it's real or not. What gave you the impression that AI was going to move about slowly? You knew exactly what would happen. And sooner or later later, AGI, which Nvidia's CEO said, we have AGI. Well, sooner or later, we'll really confirm that we have AGI. And that shit that shit's going to take on a mind of obviously a mind of its own and watch. Terminator. Will it be fucking looking for where the fuck is John Connor? Where is John Connor? It's crazy, bro. Crazy. Also, we'll talk about crypto. Obviously. You know, I'm watching as a bunch of fucking broccoli head son of a bitches are out here. Your favorite KOLs, your influencers are out here telling you, uh, number one, 2021 apparently was really easy for the OGs to go ahead and navigate in. Anybody could have made money. Are you fucking stupid? I hate like I listen to this talk and it's just like, you know what? Anybody like, do you understand how hard it was back then versus how you have it now? This is like talking about Jordan playing in the current NBA era. Okay, this is like the Jordan LeBron conversation. Like Jordan would have won multiple, he would have he wouldn't have just won six. He would have won like 20 fucking championships in this current era, okay? And he would have played more as many years as fucking LeBron. What are we talking about? You have the easiest era now, you broccoli head son of a bitches, you cockroaches. You have the easiest era now. You have AI to help you research. You have you don't have paper wallets. You don't have to fucking fat finger an address. Like you have literally everything set up to make it easy for you. No fees. The gas fees aren't $13,000. You don't got Jared from Subway dunking on your face with his nuts after a sweaty ball game. You don't have these things. You come out here talking about the plumbers had it easier. What the fuck are you talking about? What are we talking about here? We had it easier? Jesus Christ. We had it easier. No, we didn't have it easier. Every every single era has its hiccups. What's so cool about what you guys are saying right now in 2026? Oh, y'all need to be trading more. You don't need to be holding. You now you'll need to be trading and looking for the metas. Really? Tell me how fucking flies are the new meta for memes. Explain to me what what that all of a sudden, oh shit, the lore behind flies. This is all VC planted bullshit. I got to tell you, all of this shit is VC planted, absolute horse shit. Okay? I I I have people trying to sell me on flies fucking, okay? And what else? What other dog shit are you guys fucking pedaling out here? And we had it easy. Yeah, you know what? We we actually had fucking common sense maybe in 2021, even in 2023. Oh shit. Look at Pepe. Or oh shit, look at Doge. Oh, let's rally behind Shiba Inu because it's like the first fucking contract and the first Shiba Inu to go up against Dogecoin. Oh. And you have people hold and rally and believe in something. No, no, no. You got these little kids talking about, y'all got to trade, you can't hold. And you know what I got to say? You got to adapt to your environments, no doubt about it. 100%. You should be able to adapt to every environment. But going into plays, it doesn't change in whatever area that you're in. That's like saying it's what I said before. It's like what do I what did I say on Friday? It's like telling Warren Buffett like he can't trade in this era. Warren Buffett could have traded in every in any era. Warren Buffett traded in every single era. So you saying, oh, the plumbers are done and cooked. What by the way, where are the OGs? We have all the money. These little fucks out here telling us how this shit runs. They're they don't got money. How are these motherfuckers telling us what to do? They're telling us what the meta is and we're you motherfuckers are following? You should be ashamed of yourselves. Absolutely ashamed of yourselves. You got these fucking broccoli headed fucking characters. Yo, and some of them believe they're like the they're God's gift to Earth that they're actually pretty good looking. Yeah, you look like ass. You don't look like men, you look like females, okay? You literally look like females. Respectfully to females, I'm you you get where if you're from New York or from the East Coast, you know what I'm talking about. They look like a bunch of females. But they're smart. I'll tell you why they're smart. I'm going to tell you why they're smart because they're getting the crowd to believe them based on their PNLs. And I'm being I'm being 100% real with you guys. When they see when you guys it's kind of like TA, right? There are people that will put out charts and they'll put out bullish charts for engagement. Or they'll put out charts that say, hey, this there's 20 ways we can go here. And they put that out there. And people that don't know how to trade, don't know anything about the markets, they believe it. So when you see a PNL, and they even say this, all these motherfuckers say this. When you see a PNL with a million dollars in it, you're going to follow the guy with a million dollars in that PNL. And you're going to believe that everything that person says is gold and you're going to follow them right off of a cliff. And that's what's happening. You got you got people that are posting up PNLs, unrealized gains, by the way, and $1 million in in PNLs doesn't mean that you're going to get $1 million out. Maybe 40% of that you will get out. Maybe. Because the liquidity pools are trash. The reason, by the way, for anybody new tuning in, the reason why it's so hard is because the liquidity pools are so low that people coming in and buying it just shoots up the market caps. I really do. I'm I'm telling you, man, I used to I used to get on in 2021, I used to rip I used to say so much shit about it. But it really if you sit back, it was the greatest time. It it was probably the greatest cycle of all of them. I like 2017 also, 16, 17, don't get me wrong, but like 21 was probably the greatest one. Because people actually believed and they were willing to place their bet on something and just everybody would just Kumbaya with that shit. Now, it's just like you guys, like, hey, I want to win. I want I want I want to I want to post shit up. Like I posted yesterday, does anybody imagine we all rally behind one token? I posted that. It got in super engagement. But if you look into the comments, everybody's throwing out their own fucking ticker. How about you say, yo, Dave, what would it be? What would this CA be like what would you throw out there? No, it's just like everybody's just like it's a fucking sales convention and everybody's pedaling dog shit. Listen, a few of those things were, you know, a few of those things that are pushed in there are pretty cool. But but that's like 1% of the shit. That is like literally 1%. Some people will say I'm a hater. You know what? You can suck it at this point. I don't give a shit what you say anymore. I've been sitting back and watching this dog shit for now three months. Actually, it's been longer, but I'm just saying really watching, three months. Like really watching, three months now. I'm like, this is dog shit. This is absolutely dog shit. Of course, I remember that. I had it. I'm going to say this to you guys, and I hope this is clipped. We are going into and I and I and I believe this. I believe this in my heart to be true. And if I'm wrong, I'm wrong. I think this run will be better than the one in 2021. But I would like to see or you know what, let me sit back and say, when are you guys going to take this seriously? When are you guys actually going to sit back and say, you know what, it's time to rally behind the real memes. Or behind real projects. Because what they are offering you right now, these fucking VCs and these little plants, okay? These little fucking plants is absolutely not memes, it's not anything. It is they are things that they have put together, they're in there first and you are buying the top. Are you guys tired of fucking losing? That it really is my question. If you guys are tired of losing, then you'll be able to change everything within this industry. If you guys don't give a shit and you and you're one of those people that just like, I'm going to keep clicking until I win, no problem. But at some point, these losses got to these losses got to hurt you. You got to be looking at your PNLs and going like, holy shit, I've lost money. Chasing and the bull run hasn't even started. I'm chasing. So at some point, I don't know. At some point, y'all maybe want to rally. Somebody here said laptop. Which will lead me into two things. Number one, let's talk about laptop. Laptop, dog shit. I called it. You would think Hunter Biden would have like at some point, one of these motherfuckers would realize, hey, you know what, we need to we need to contact some of the veterans in this space. Not me, fuck me. I'm talking about people that have built out some really cool protocols. Make contact them. No, Hunter Biden got put together by some crackhead, okay? No pun intended. I wasn't there was no pun, okay? Every there are people that sold off their assets for this shit, thinking that it's the next fucking Trump, Melania, uh Libra. And let me tell you, Libra and fucking Melania did better than laptop. So what does that fucking say? I mean, when when we're talk when I'm talking about Libra and Melania doing better than laptop, that says a lot. Okay, so here comes laptop, which absolutely
[Part 2 of 4] [00:00] Absolutely. [00:02] Destroyed people. [00:05] And it's almost like y'all don't learn your lessons and then you're blaming, then you're blaming people. [00:12] First of all, like I said, don't blame. [00:15] Do not blame Hunter Biden. [00:17] Y'all the crackheads, not him. [00:20] I don't believe he's a crackhead. [00:21] I believe you guys are crackheads. [00:24] That's what I believe. [00:27] And and my belief that is strong. [00:29] I got a strong belief that you guys are crackheads. [00:34] Wild. [00:35] Wild to watch. [00:37] It absolutely is wild to absolutely watch. [00:40] Some of the the y'all are crazy. [00:42] I've never seen a bunch of crazy people like y'all in my life. [00:48] But, this leads into the clarity Act. [00:51] So, the Clarity Act, you have Democrats, you got the anti-crypto fucking army led by Elizabeth Warren and and fucking Bernie Sanders and others that hate that hate crypto and all this bullshit, right? [01:04] You you got that. [01:09] But I think Hunter Biden just went ahead and pushed the Clarity Act forward. [01:17] And I know Trump has made successions here to go ahead and get the Democrats at the table. [01:24] And now the Democrats are like the Democrats are really stuck in a bad position, because if they vote no for it, then that means that they are absolutely bought for. [01:37] But, I think Hunter Biden, he's the one who is now like, well, you can't say Trump Republican because Biden Democrat went ahead and put down a token. [01:52] So now what? [01:55] And I wrote I wrote this out yesterday. [01:57] I wrote I wrote a tweet about this yesterday saying like, now you have a situation where the Democrats can't say shit. [02:04] Your own, sorry, but Joe Biden's son went ahead and came out with a fucking token, which did worse than Trump, Melania and Libra, and that says everything. [02:18] And then, you know, I felt bad. [02:20] I I got to say, I felt bad for Hunter Biden. [02:24] Cuz he come like he straight up made a video in his car. [02:28] And he said, man, he like he he was just like he like he was I don't I don't know how to take him. [02:40] I I don't know how to take him. [02:48] I feel bad cuz I don't you know, I I know like drug addiction is crazy. [02:52] So I don't want to like I really don't want. [02:57] You know what, I won't say nothing. [02:59] Like I I do feel bad. [03:01] I do like I saw him in the car and I felt bad for him. [03:04] Cuz you can cuz I I could see he got put together, man. [03:10] I I really could see he got put together. [03:14] It is probably by far, with the amount of clout, I want to say this, the amount of clout that Hunter Biden had, cuz you had a bunch of Democrats that like, yeah, yeah, yeah. [03:23] Like Hunter Biden makes this comeback, you know, think about this. [03:26] Here's a guy who was smoking crack naked, right? [03:29] Like naked, smoking crack, I guess sniffing off of somebody's ass cheek and shit. [03:35] Like here is a guy who made a phenomenal comeback. [03:42] He's like the he was like a hero in crypto. [03:45] And not even in crypto, he was just a hero on X. [03:53] And then he launches the token, bro, and destroys everything. [04:00] Everything. [04:02] The market maker is like forgot to put in money. [04:04] It was only $5,000 of liquidity. [04:09] I'm just watching this. [04:10] I'm like, oh my God, this is this is crazy. [04:15] This is crazy work. [04:17] But I think the Clarity Act gets passed. [04:19] I really do believe the Clarity Act will get passed. [04:22] I think it gets passed this month. [04:24] I'm bullish on that. [04:26] I think it I think it does get passed this month. [04:29] And then hopefully we get retail clarity, right? [04:32] So retail also needs clarity. [04:34] We need to know and the rules need to be fixed with the IRS and the everywhere. [04:39] It needs to it needs to be pro crypto everywhere, not just in one place, not just for the bankers, not just for the big boys and the big companies so they know what they're doing. [04:50] No, we need clarity. [04:52] Regular people, the retail mainstream buyer needs to know, needs to have clarity. [04:59] Okay, so there needs to be retail clarity. [05:02] Bottom line. [05:04] Retail clarity, ladies and gentlemen. [05:06] Anyway, we'll be back right after this commercial break with more. [05:10] We got Landy here for 15 minutes to go ahead and talk about the markets. [05:13] We'll talk a little bit about the markets. [05:15] I'm going to talk a little bit more about the runners, what we had on the weekend, what we think will be popping, what I think will be popping off. [05:22] Anyway, back after this commercial break from Midnight. [05:26] What first got you excited about blockchains? [05:30] Think about it. [05:31] Oh wait. [05:36] I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. [05:42] Was it? [05:43] Maybe it was the idea of decentralizing a broken financial system. [05:49] Maybe it was imagining a world where people own their own data and get to share in the value it creates. [05:59] Or maybe it was the promise of a fundamentally better way of connecting, communicating and transacting. [06:06] The next phase of the internet that empowers us instead of exploiting us. [06:10] So, why hasn't it happened yet? [06:12] We're still living with the same broken system that blockchains promised to fix. [06:16] It's because blockchains can't keep a secret. [06:19] Enabling open transparent systems was only the first half of the challenge. [06:23] For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. [06:30] And that's why we built Midnight, to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. [06:38] Let's build the internet we deserve. [06:41] Together. [06:46] Ladies and gentlemen, we all know this in crypto. [06:48] Ownership matters. [06:50] That's why Cake Wallet. [06:51] Cake Wallet gives you full control of your digital assets, all in one easy to use application. [06:58] You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. [07:04] Swap between coins in seconds. [07:06] No copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. [07:12] And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards. [07:17] Simple, secure, self-custody. [07:20] Download Cake Wallet and take control of your crypto. [07:29] This is Houston. [07:31] T-minus one minute until full data blackout. [07:35] All eyes are on you. [07:43] Breaking news. [07:44] There is an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. [07:50] We have a second angle on this. [07:54] Is that guy on FOMO? [07:55] Oh yeah, that's me for real. [07:56] Crazy, crazy. [07:57] Yeah, let's get back to it everybody. [08:13] Breaking news. [08:14] There is an astronaut conducting an emergency repair. [08:20] Opportunity cost is simply this. [08:24] Every position you take is a position you choose over something else. [08:35] This just in. [08:36] According to the astronaut's FOMO account, highest in the room, the satellite has been restored. [08:43] Yes. [08:46] For now, the crisis appears to be over. [08:59] Now, everything's up and running. [09:01] Positions looking good too. [09:07] Ladies and gentlemen, we all know this in crypto. [09:09] Ownership matters. [09:11] That's why Cake Wallet. [09:12] Cake Wallet gives you full control of your digital assets, all in one easy to use application. [09:18] You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. [09:25] Swap between coins in seconds. [09:27] No copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. [09:32] And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards. [09:38] Simple, secure, self-custody. [09:40] Download Cake Wallet and take control of your crypto. [09:53] There we go. [09:54] United States of America representing. [09:56] Socialism does not work. [09:59] Digital assets is a better to move money at the speed of light. [10:02] People are greedy when they also try to acquire gold. [10:05] I am here providing electricity and that energy that is necessary. [10:10] I am the modern day Tony Stark. [10:15] Yes, I'm glad to be back. [10:17] Yes, I'm getting news. [10:23] There we go. [10:24] United States of America representing. [10:26] Socialism does not work. [10:29] Digital assets is a better to move money at the speed of light. [10:32] People are greedy when they also try to acquire gold. [10:35] I am here providing electricity and that energy that is necessary. [10:40] I am the modern day Tony Stark. [10:45] Yes, I'm glad to be back. [10:47] Yes, I'm getting news. [10:50] Welcome back to the show. [10:55] Sponsored by Midnight, also Polymarket, Cake Wallet and FOMO. [10:59] Shout out to FOMO. [11:00] FOMO is a great app. [11:01] It's showing you that it's a great app. [11:02] Showing you in real time what's happening. [11:06] And uh you should take that seriously. [11:08] I'm being serious, man. [11:09] Y'all y'all need to take, you know, y'all got to look at this shit seriously, man, from a serious perspective, man. [11:19] Real talk. [11:20] Y'all got to look at this real serious. [11:24] Real serious, man. [11:25] I got to put like paid partnership on everything. [11:28] By the way, disclaimer, anything said on my show is not financial advice. [11:32] I don't know what it is. [11:34] Actually speaking. [11:38] Ah boy, oh boy. [11:39] Welcome to the breakdown. [11:40] Hope you guys had a a great weekend. [11:42] I'm trying to pull this up here. [11:45] I'm having a hard time pulling this on here, man. [11:48] Why? [11:49] Why is it so fucking hard to pull something up on here? [11:54] God damn it. [11:56] Give me a second. [11:57] Live show, live show, guys. [11:58] Live show, you know how it goes. [12:00] Live show. [12:02] Uh Landy, who was supposed I was going to bring him on, he had to go. [12:05] Shout out to Landy. [12:06] We'll see him tomorrow then. [12:08] Landy's a busy guy, man. [12:09] Landy is a fucking busy guy, man. [12:13] Landy, Landy, Landy. [12:14] What a busy guy. [12:14] We will be back on YouTube. [12:15] Maybe we'll do YouTube today, by the way. [12:18] Might be doing YouTube today. [12:20] I I was like hoping I was really hoping I'm I'm doing content, so I'm like waiting to do content on specific assets, on specific cryptocurrencies and memes and and just subjects in general. [12:32] But I got to get this fucking haircut, but I can't get it done yet, okay? [12:36] Can't get this shit done yet. [12:38] Anyway, uh I will pull up the FOMO chart to go ahead and talk about, let's see, the same opinion spam 16 times. [12:45] We really are all dumb here. [12:46] Yeah, we are. [12:47] Um, it's nice, by the way. [12:49] So I hear dumb money, uh the the highest holder, he went ahead and uh he went ahead and locked up, what was it? [12:59] What is it? [13:00] 3% of the supply? [13:04] Bits, shut up, bits, okay? [13:05] Nobody's asking for your opinion, bits. [13:08] I actually, actually, I I was working out yesterday and somebody walked by and said, man, man, you look like Sylvester Stallone in Rocky 4, man. [13:21] I was like, really? [13:22] I'm like, they're like, yeah, man, cuz I I look like I was chopping wood yesterday. [13:29] I'm just saying. [13:34] It's always the, you know, it's always dudes. [13:36] You know, it's so weird. [13:38] It's always the dudes that come onto this show, bro, that want to talk about my, first of all, you know, can I can I say something? [13:46] Look, let's have a serious conversation. [13:50] Y'all can't come up on here and talk about my looks, okay? [13:54] You can't talk about my looks. [13:56] I can grow out the beard and hair and I look I still look sexy. [14:00] Like, you know what, you can talk about, hey, man, you missed on a call or you didn't get a call right. [14:08] Like you can say those kind of things, but you can never say like he's not intelligent, he doesn't have a high IQ, he doesn't have a sexy accent, he's not bilingual, he he doesn't look good. [14:18] You can't say these. [14:19] You know, you look stupid. [14:22] Like like you you look dumb. [14:25] So you can't say it. [14:27] Y'all can't even grow a beard. [14:31] And look at me. [14:33] My beard's still black. [14:35] My hair's black. [14:36] Like I still got the original. [14:38] I don't got to I don't got to color shit. [14:42] Not yet. [14:44] And I got my hair. [14:45] Y'all got receding hairlines. [14:48] Okay, and then there's no there's nothing wrong with it. [14:50] There's nothing listen, there's nothing wrong with losing your hair. [14:52] Listen, it happens. [14:55] But you can't and I was scared. [14:57] There was a time in COVID when I caught COVID that I thought I was losing my hair. [15:02] Okay, I really legit, I was using I was using every product to save my hair. [15:07] I ain't going to front, not Rogaine, like special oils and berries and coconut oil and all this shit. [15:13] Okay, I was asking girls, hey, what do you do to retain? [15:16] Yo, I went across the world trying to get like the solution to keep my hair. [15:25] Not just for men, I would I would not I I will let you guys know and you'll see it. [15:29] I'll let you guys know if I'm using any product in terms of coloring. [15:32] I do not color shit. [15:34] I refuse to. [15:35] I don't need to. [15:37] That's the problem. [15:37] I don't need to color my hair. [15:40] Anyway. [15:45] Anyway. [15:48] All right, so there you go. [15:49] Biggest holder, which is me of dumb money. [15:52] I dumb money. [15:54] 29% I locked that up for I don't know how long. [15:57] Y'all can look. [15:59] And then the second biggest holder went ahead and locked up their supply, which is 3.75%. [16:08] So now you have a bunch of supply locked up. [16:12] Okay, count. [16:13] Almost you can basically 33% of the supply is locked. [16:22] So again, if if it sends today, tomorrow, okay. [16:27] I had somebody tagged me. [16:28] I'm a market participant. [16:29] I had somebody tag me and say, oh, I guess it rugged. [16:33] What Okay, let me explain the word rug to you guys. [16:38] Rug rug means that somebody rugged the liquidity, okay? [16:44] Nobody can rug the liquidity. [16:46] Stop using words that you don't know. [16:51] I I swear to God, this space, this space really makes me want to like go visit a punching bag. [16:58] Legit, it just makes me want to go into the gym and just throw like fucking lefts and rights at a fucking bag because like it is crazy. [17:08] Anyway. [17:10] So that's cool for dumb money. [17:11] I think dumb money is an awesome narrative on Robin Hood. [17:14] I already said that multiple times. [17:15] Let's go ahead and pull it up cuz I already have it here. [17:17] Let's pull it up right now. [17:21] Let's pull it up. [17:21] Dumb money. [17:24] There we go. [17:25] Dumb money right there. [17:26] There you go. [17:30] I mean, at this point it's bottomed out. [17:33] I mean, where where else can you go? [17:36] I mean, everybody who had no belief in in dumb money left, okay? [17:43] Anybody and and by the way, by the way, I know there were a couple of motherfuckers in this dumb money meme that saw me talk about it and went in and tried to destroy it. [17:57] Like I know that did happen. [18:00] Okay, that's not it's not me. [18:02] There there here's the there's no coincidences. [18:06] Let me go ahead and pull myself on the motherfucking screen real quick. [18:11] Where the fuck is the tab? [18:15] There is no coincidence. [18:17] There is no coincidence. [18:18] And I'm going to tell you why there's no coincidence. [18:20] Let me explain something. [18:23] And this is why this is why if I ever do anything, I would have to have like 95% of the supply control. [18:38] Because, let me explain something. [18:44] Auggie, right? [18:47] Whoever came into this chat and put Auggie into the chat, and I went in, what happened? [18:53] Five, six times I got dumped on. [18:59] For the time that I've been holding Auggie, I've been dumped I've been dumped on five, six times. [19:04] Every single time I put in liquidity, it got dumped on. [19:08] That tells me that there are people who are waiting for me to call something to then go and slap their nuts on my on my forehead. [19:18] And and and that game is game. [19:21] Game is game. [19:22] I can't it is what it is. [19:26] The same shit has happened with dumb money. [19:31] If you look at the charts, if you look at Auggie and you look at dumb money, they look the same. [19:37] Though I would even say dumb money looks harder because it's like as soon as it hit 1.3 million, the these ruthless son of a bitches who follow me, they went ahead and made sure to try to destroy it. [20:01] Not listening to the fact that next week, six months from now, eight months from now, it'll pop off if the market decides. [20:10] Just look at Auggie's chart. [20:12] I I was thinking about this on Saturday. [20:17] I was like, if you look at Auggie's chart and you look at dumb money's chart, there is no coincidence. [20:26] This is absolutely or in my mind, orchestrated to go ahead and make me look bad. [20:33] Oh, here's David. [20:34] He's front facing. [20:35] Let's go ahead and put him down to where, here's the kicker, to where David puts in his own money to try to save it because we know from David's history, David will go ahead and throw 50 grand, 100 grand, 200 grand into a chart to save it. [20:55] If you followed me for a while, people who know me know that I will put in that kind of money to save something. [21:02] But I didn't. [21:07] Cuz I said I'm a market participant. [21:08] This is what I keep telling myself. [21:09] I look in the mirror every single day and I say, I am a market participant. [21:16] And there is no way that I am going to throw that amount of money in only for the same people to slam the charts down. [21:31] And there's no reason to rush anywhere because if this is a good meme, then the market will decide that it's a good meme. [21:39] I shall not force anything. [21:41] And I'm not going to own 80% of the supply while somebody owns a good portion and they're going to keep dumping. [21:48] It's insanity. [21:50] So if people really like if people see what I see in these things, then they'll go in. [22:00] If if if people like it, if they fuck with it, then they'll go in. [22:03] If they don't, it is what it is. [22:08] It is what it is. [22:11] I think I really believe that dumb money is a is a a really good narrative for Robin Hood. [22:24] P asked me, why do I have so many haters? [22:25] I'll tell you why I have so many haters. [22:28] I'll explain to you why. [22:32] If I was more PC, I'll I'll explain. [22:35] If I was more PC, politically correct, that is. [22:41] And I wasn't so blunt. [22:45] Though I still think you have haters as you continue to grow in life. [22:49] As I continue to grow and the brand continues to grow and I continue to grow and continue to go, go, cuz I don't stop. [22:57] As I continue to grow, people don't like it, so they do everything possible to cut your legs off and that's and that's fine. [23:09] But what better way can somebody go ahead and get at me than watch what I'm doing, watch my lives, which they do. [23:17] My haters do watch it. [23:22] And they see what I go into and they get in. [23:28] And they get in. [23:29] Well, I'm a disruptor. [23:33] Here's the problem. [23:34] I I disrupt things, right? [23:36] So like, I'm very blunt. [23:38] I'm a blunt individual. [23:39] Good, bad or indifferent. [23:41] I'm not always right. [23:43] I don't claim to be perfect either. [23:45] But when I come on here and I say things, it rubs people the wrong way. [23:50] Like I just talked about in the beginning, these fucking little kids on here talking about you need to keep on trading, okay? [23:57] You don't need to hold anything. [23:58] You need to keep trading and you need to keep trading the dog shit that we're providing. [24:02] When I talk about these subjects, they don't like it cuz I have a platform to talk about these things. [24:08] And if I'm talking about them and I'm not siding with them and I'm not siding with the VCs, then that's a bad thing. [24:13] And I already said, I when this whole bull movement started, this whole fucking movement that I talked and I've been talking about a movement for years about like a Wall Street Bets part two movement. [24:25] I've been talking about this for so long. [24:27] They see it and I will not entertain any VCs. [24:32] I will not here, you know what? [24:33] Fuck it. [24:34] I'll show you guys. [24:35] Like every single day, look, I get contacted by a visa. [24:38] Hold on. [24:39] Here you go. [24:40] Fuck it. [24:40] I wish I can show this without fuck, where's this shit? [24:54] Yo, can y'all see this? [24:55] Hold on. [24:58] Fuck. [24:59] I don't know if y'all y'all can. [25:01] Fuck. [25:01] Can you guys can't see it, right? [25:07] You can't see it. [25:08] Can you see it? [25:10] Can y'all see this or not? [25:11] If you can't, I'll read it to you. [25:13] Here's an email, another email and I get the emails every day. [25:19] I'll buy Gokhshtein Media. [25:22] David, have you considered selling Gokhshtein Media? [25:25] I'm with the blank blank group. [25:28] We're a blank blank, well, I can read this. [25:31] We're a PE firm buying marketing agencies and news groups like yours, all cash up front. [25:37] No uh earnouts, no games, man. [25:40] We're just acquiring a we just acquired a company for 4.4 million. [25:44] We're looking to add one more firm, one more media company to the portfolio this quarter. [25:50] Would you mind getting on the phone with us? [25:54] No. [25:57] Every day. [25:59] I will not sell out to the VCs. [26:01] That's the problem and I will not be a mouthpiece for anybody. [26:05] Nobody will tell me how to talk, nobody will dictate the way I speak, nobody will give me narratives. [26:12] No, they bits, it's actually a real I will not I will not say who, but it's definitely not the Prince of Nigeria contacted me. [26:18] I can I can promise you. [26:21] I get plenty of those. [26:25] But I get offers and I decline them. [26:28] If I wanted to be in the cabal, I could. [26:31] What did I tell you guys? [26:31] What I I said this would happen. [26:34] I already have haters, right? [26:35] And it is what it is. [26:36] I don't really give a shit about the haters. [26:39] But now I have VCs that are upset at me because I won't go I I will not go and dance for them and wiggle my ass for them, right? [26:51] So what happens? [26:52] What did I tell you guys? [26:53] As soon as I try to rally the community, they're going to do everything possible to make me look bad. [26:59] And I'm here for it. [27:00] That's no no I will win. [27:06] I'm going to say this again. [27:07] I will win and there's nothing you can do to stop it. [27:11] You can take me out. [27:12] How many times have I said this? [27:13] You can take me out, but then there's there's 10,000 more of me in the back. [27:19] So good luck. [27:22] But I will never shake my ass for anybody. [27:25] I will be I will never be anybody's bitch. [27:28] Never. [27:29] I don't give a fuck what you pull out. [27:32] I don't care. [27:34] And I've said this so many times. [27:38] It doesn't matter to me. [27:40] I walk to my own beat. [27:45] That's it. [27:46] And so when you ask why the haters, it's a it's like now it's a collection of hate versus Bobby said it, the matrix. [27:55] And yeah, maybe Tate has the right fucking word play when it comes to what this thing is when you don't agree with them. [28:02] It's a bunch of people that try to destroy you. [28:07] Like for instance, why isn't X have me on the who to follow list? [28:13] On the meme category. [28:14] Very really let's let's let's let's think about this. [28:20] Let's think about that for a second. [28:23] Who was talking about memes when it wasn't popular to talk about memes? [28:29] Me. [28:32] And I'm in the fucking newspapers. [28:34] I'm on mainstream media doing this. [28:37] And I'm not a I'm not on the meme section. [28:41] Okay, people call me a Bitcoin Maxi. [28:43] I'm not on the Bitcoin Maxi fucking page on who to follow. [28:47] People literally call me an an Ethereum Maxi. [28:50] Guess what? [28:51] I'm not in that section either. [28:56] Why? [28:57] Because I did not play ball with the VCs and that's where they have put me. [29:05] Okay? [29:06] They have made sure that my algorithm's fucked, that I am not seen, even though you can't stop me from being seen. [29:19] And you know what? [29:19] I'll fight the algorithm. [29:23] I don't give a fuck. [29:25] I love a good challenge. [29:30] But this is where I'm at. [29:32] And I said this would happen. [29:33] I literally said that if I stand with the community, cuz I can I can make my day easy, right? [29:39] I can stand with the VCs. [29:41] By the way, I'm losing money by not standing with VCs. [29:43] I just want y'all to know. [29:44] I want y'all to understand this. [29:47] I am losing money by not doing business with VCs. [29:52] Because right now if I did business with VCs, then I would be in a position where I'm probably making a million or two million dollars a month. [30:00] That's real talk. [30:01] I that that is real fucking talk. [30:04] And even the haters can acknowledge it. [30:06] Even the haters would acknowledge that me talking about community is stupid when I have the opportunity to side myself with some of the biggest fucking groups right now and just make money. [30:22] Make a ton of money for my. [30:24] You imagine so I've picked community and people I don't even know. [30:30] Okay? [30:30] I don't know half the community. [30:35] But I picked community over VC. [30:40] Who in their right mind, who in their right mind would do that? [30:49] Somebody who doesn't need money. [30:53] And somebody who has been preaching about uniting the community, having another Wall Street Bets moment again, this time even bigger to where we heal this motherfucking space and make it great again. [31:20] That's right. [31:24] That's right. [31:25] That's and that's real talk. [31:29] That's that's that's real talk. [31:32] So, that that's what I chose. [31:35] I chose to go ahead and side I chose to side with the community. [31:43] And so to answer your question, I know that was long-winded to answer that question. [31:49] Me choosing this route has led to what you see now. [31:54] Which is people, people not liking, not liking that I am trying to showcase real projects and real memes and all this shit. [32:07] And it might sound crazy, but it's the truth. [32:09] It's real. [32:10] Just look. [32:16] Look, other others have sold out. [32:22] Others you know who sold out. [32:23] I don't got to tell you who sold out. [32:25] Others have sold out. [32:26] I I won't. [32:28] Why do I need to? [32:31] I don't need money like that. [32:34] Like I said, I had money before crypto. [32:35] I don't need money like that. [32:38] I I don't need to shake my ass for anybody. [32:43] Y'all selling out, you sell out. [32:48] If you sell out, then you're selling out the community. [32:49] Like that's it. [32:50] Like there will not be crypto. [32:52] If and by the way, it's time for the OGs to fucking like I I really like this is this is the OGs really need to step up here. [33:00] We really need to like have a special fucking meeting. [33:03] We don't have to like each other, but like look what's happening here, bro. [33:06] Like look what's happening. [33:08] People are fucking getting into they they are pedaling memes about insects at this point. [33:18] Do you understand? [33:18] Like they are pedaling memes about insects. [33:25] Don, Josh, I don't know if you guys can see him, but it's from YouTube. [33:29] He says, you're making a token where you you have supply control, we can all rally. [33:33] I can never and this is one thing. [33:35] I can never the supply control has to be like 90%. [33:43] Like I and this is real. [33:45] Like I I've analyzed this. [33:48] I've watched 70%, 65% supply control get destroyed. [33:52] Look at Ansom's token. [33:53] Let's let's go ahead and I'm going to show you something. [33:56] Hold on. [33:57] Let's let's look at Ansom's shit. [34:02] Where's Ansom? [34:23] Where the hell is Ansom? [34:40] Okay, Ansom. [34:41] Look at this. [34:47] I'm going to tell you guys right now. [34:50] Let me go ahead and make this bigger. [34:52] Let me explain something to you guys. [34:58] If Ansom had, if Ansom had 80% control at least, at least 80% control and he didn't air drop people, his token would have been at at least $500 million. [35:18] Easy. [35:19] $500 million token. [35:24] $500 million. [35:33] 100%. [35:35] That would have been at $500 million. [35:37] The the point is when you air drop people, this is what happens. [35:42] You get this. [35:44] You get people who sell off, you get people who don't like Ansom, they're pushing, there's pressure and pressure and now you're at what? [35:52] $149 million. [35:55] Listen, $149 million market cap before the bull run market $148 $148.3 million market cap is not anything to cry home about, cuz pre this is a this is a pre bull run chart. [36:10] So being at $148 million is not bad at all. [36:18] Not bad at all, but can you imagine if he had control? [36:22] Like real control and I understand people are like, oh, it's incentivizing. [36:27] But you know what? [36:28] You don't need to be incentivized and this is where I think we're all going wrong. [36:33] You don't need to be incentivized to get into a meme token. [36:40] Everybody is like, yo, if I'm not getting incentives, I'm not going into a meme. [36:45] I didn't get no incentive by going into Dogecoin. [36:47] I didn't have no incentive when I went into fucking Shiba Inu. [36:50] I didn't have no incentive to go into Pepe, Bobo. [36:54] Like I'll start naming everything out. [36:56] I didn't have no none of these incentives. [36:59] Now all of a sudden, the incentives have hit and it is absolutely made it horrific. [37:07] It's made it absolute horrific. [37:10] Cuz everybody wants incentives. [37:12] Now, you know, launch pads are coming out and allowing, they're allowing the founders to give back rewards to the holders. [37:26] But then if you look at that, okay, you give you give rewards to the holders. [37:32] Okay. [37:33] What money what money are you now using as a project to elevate yourself? [37:41] Do you understand all these cash 20 the the creator rewards were made and I wrote about this when I was talking to Toly. [37:48] If anybody seen my conversation with Toly, it was it within that conversation, somebody asked the question. [37:56] I was like, there has to be a way where we incentivize real builders. [38:03] That the builders, the real builders are incentivized and they're rewarded for building. [38:10] We I I don't want to stop people from from creating stuff. [38:15] Okay? [38:15] My thing is not stopping anybody from creating or launching tokens. [38:20] You want to launch 51 million tokens in one day, do your thing. [38:25] Go ahead and do that. [38:28] But at some point, if we start rewarding and incentivizing the builders in this space, then you know what? [38:34] A lot of people will stop creating 51 million fucking tokens a day and they'll start saying, you know what? [38:41] I'm going to jump into this token cuz I see what's happening here. [38:44] We'll have more community building, we'll have more people that support things and see them through longer than 72 hours. [38:57] But there, you look at Ansom's token, it's down. [39:01] But if he had supply control, it'd be up. [39:04] I really do believe if Ansom had supply control on this token, it'd be up. [39:10] 100%, it'd be up. [39:14] I mean, look at meme, it's also down. [39:17] A meme coin which blasted off, I think it hit
[Part 3 of 4] [David] [00:00] when the hundred and sixty million dollar area, it's at 47.9 million. [David] [00:12] Even with Vlad following it, it's still, it's at 47.9. Why? No supply control and you got a bunch of people that are ready to sell on you. Will it do well in a bull market? Probably. [David] [00:28] 100% probably. [David] [00:33] Somebody said, what if you hold majority supply and the remaining percent to 80% is held by the proven? Yeah, that that still doesn't work. I, look, respectfully, it's, I can only trust myself. [David] [00:50] One day somebody's your friend, the next day somebody isn't. Or the next day somebody doesn't, you know what? Somebody wakes up and says, you know what? I gotta make a decision. I I got I got I I don't know. I got an issue within my family. I got an emergency that I gotta take care of. I'm selling. [David] [01:08] And now that sell hurts the entire so like, no, like you can't, I know myself, and at least if I make a decision, it's my decision and I made that decision. [David] [01:22] So you like that that's why I say like the the person who is putting their names on the line should make sure that they're holding the supply. Like supply control to me is is super bullish. Supply control 100% in this current environment, supply control is necessary. We'll be right back. We'll talk more about cryptos, the runners, the things that are running, uh, that I've seen on FOMO that have been running. We'll talk about more of this stuff after this commercial break sponsored by Midnight. [David] [01:53] What first got you excited about blockchains? Think about it. Oh, wait. [David] [02:03] I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing a broken financial system. [David] [02:16] Maybe it was imagining a world where people own their own data and get to sharing the value it creates. [David] [02:26] Or maybe it was the promise of a fundamentally better way of connecting, communicating, and transacting. The next phase of the internet that empowers us instead of exploiting us. So, why hasn't it happened yet? Where we're still living with the same broken system that blockchains promised to fix. It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. [David] [02:57] And that's why we build Midnight to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. [David] [03:12] Ladies and gentlemen, we all know this in crypto, ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets, all in one easy-to-use application. You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. Swap between coins in seconds. No copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. And with Cake Wallet built-in, you can use crypto in real life through debit cards or gift cards. Simple, secure, self-custody. Download Cake Wallet and take control of your crypto. [David] [03:56] This is Houston. T minus one minute until full data blackout. All eyes are on you. [David] [04:10] Breaking news. There is an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. [David] [04:21] Is that guy on FOMO? Oh, yeah. [David] [04:22] He's like me for crazy trader. [David] [04:25] Yeah, let's get back to it, everybody. [David] [04:40] Breaking news. There's an astronaut. [David] [04:48] Opportunity cost is simply this. Every position you take is a position you choose over something else. [David] [05:02] This just in. According to the astronaut's FOMO account, highest in the room, the satellite has been restored. [David] [05:10] Yes. [David] [05:13] For now, the crisis appears to be over. [David] [05:27] Satellite's up and running. Position's looking good, too. [David] [05:42] There we go. United States of America representing. [David] [05:44] Social omnivism does not work. [David] [05:47] Digital assets. Is it better to move money at the speed of light? [David] [05:51] People are greedy when they also try to acquire gold. [David] [05:53] I'm here providing electricity. [David] [05:57] And that energy that is necessary. [David] [05:58] I'm the modern day Tony Stark. [David] [06:04] You know, I'm glad to be back. [David] [06:06] Yes, sir. [David] [06:07] That news. [David] [06:12] There we go. United States of America representing. [David] [06:14] Social omnivism does not work. [David] [06:17] Digital assets. Is it better to move money at the speed of light? [David] [06:21] People are greedy when they also try to acquire gold. [David] [06:24] I'm here providing electricity. [David] [06:27] And that energy that is necessary. [David] [06:29] I'm the modern day Tony Stark. [David] [06:34] You know, I'm glad to be back. [David] [06:36] Yes, sir. [David] [06:37] That news. [David] [06:42] There we go. United States of America representing. [David] [06:44] Social omnivism does not work. [David] [06:47] Digital assets. Is it better to move money at the speed of light? [David] [06:51] People are greedy when they also try to acquire gold. [David] [06:54] I'm here providing electricity. [David] [06:57] And that energy that is necessary. [David] [06:59] I'm the modern day Tony Stark. [David] [07:04] You know, I'm glad to be back. [David] [07:06] Yes, sir. [David] [07:07] That news. [David] [07:11] Welcome back to the breakdown. Let's go ahead uh real quick. You know what's funny? Look, ever since I started talking about uh meme, uh which is a a meme coin, uh it went from 48 to 50.3 mil. It's funny, every okay. [David] [07:29] Okay. [David] [07:31] Okay. Let's go ahead and look at uh Polymarket real quick cuz I wanted to I want to see what Polymarket thinks about the Clarity Act. Let's go ahead and look at the Clarity Act real quick. [David] [07:48] Clarity Act. There we go. All right. Let's share this. [David] [07:55] The Clarity Act. Now, it's up. So Polymarket at one point had a 13% chance that the Clarity Act would go ahead and and pass uh by the end of the year. Signed into law, Clarity Act H.R. 3633, signed into law in 2026. The chances of this was I think it was it was hovering at 11% to 13%. Now, now, the chances, the chances of it passing, where is it? 28%. Yesterday it was up to 31, but now it's 28%. So, I mean, this is on the Democrats. [David] [08:37] This is literally on the Democrats to go ahead and it really is on the Democrats to go ahead and and make sure that this goes through. Cuz Trump has done everything possible to go ahead and say, look, I've made the concessions to have the Clarity Act passed. Now it's on you guys. [David] [08:59] So the Democrats, that's it. They they got what they wanted. They asked for certain things, they asked for certain concessions here on this bill. They got it. Now there's no excuse. If they don't vote yes for this, that means that they hate people in crypto. That that's it. That to me it tells me that they despise crypto. And you know what sucks cuz there's some Democrats that like crypto. So now you have this fucking army, you have these people like Senator Warren and others that just despise crypto. They don't know anything about crypto. And obviously they're trying to they're trying to I I don't know, help their banker friends at this point. [David] [09:40] It's funny, meme. Yo, I talk about meme is at 52.6 million now. It's going, it's sending. It's sending. This shit's Look at this. It's sending right now. We'll get right back to the clarity thing, but like, holy shit. [David] [09:57] Maybe I need to talk about dumb money some more. [David] [10:01] Anyway, let's go back to the Clarity Act. [David] [10:08] Did I just kill? I killed it. Great. Let me go ahead and get this back up. Welcome to the breakdown, episode 783. Let's go ahead and bring this back up here. [David] [10:20] Here goes the Clarity Act. Again, 28% chance of passing. So, again, this is on the Democrats. I don't want to hear it. I don't want to hear it. If this does not pass, if this doesn't pass, this is on the Democrats. The Republicans have done everything possible to to and the President of the United States of America has done everything possible to to show good faith. To show good faith. So, I I don't know what I don't know what else you can do. [David] [10:55] Also, let's look if uh we'll have some rate cuts here. Let's see what the Fed decision here. Let's look at what the Fed is going to decide. The Fed decision in September, we have a 25 basis point increase. This from Polymarket. Um, and a 15% chance that there will not be an increase. So 85% believe, it's up 56% believe that there will be an increase in rates. There will be a rate hike. [David] [11:24] I don't know where I stand on this. I really don't know where I stand on this. I really don't know. [David] [11:34] I don't know. I really don't know. But those two topics right there, Clarity Act, the rates, you know, the best decision would be leave the rates alone. Leave it as is, and then also you you pass the Clarity Act, and then you introduce a bill which obviously gets clarity to retail and makes and and makes it easier for retail to just participate in crypto, and you will have one of the most electrifying runs of all time. Period. And I and I think Trump is going to do that. I really do believe that Trump will get that done. By the way, if those $5,000 $5,000 checks go out, if those if there is a $5,000 dividend check that goes out to every American, holy shit, will the bull run fucking 50X whatever the 2021 run was. So, I'm just saying. [David] [12:38] Wow. Let's go back to um, let's go back to FOMO real quick. We're looking at FOMO here. Shout out to Polymarket. Polymarket, of course, is official prediction market sponsor of the breakdown. Uh somebody asked a question earlier in the show. They asked, um, what was it? Actually, Bobby really answered this uh for me and I'm going to I'm going to I'm going to add on to this. Bobby said, yeah, you know, because somebody asked me like if somebody if I held a certain percentage of supply and then others held supply, you know, would that be enough? And Bobby really answered this. This whole space, that's a no-go. I have known people call me brother then fuck me over in the ass. Okay, like, look, now, I don't know what's happened to Bobby where like he is it's gone to that extent. [David] [13:28] But I've been there, done that, where people call me brother and hug me, and as soon as I I turn around, I got a knife or a bunch of fucking daggers in my back. So, respectfully, I love you guys. I legit, I respect the fuck out of people that follow me, have followed me for years, have tuned into the show for years, who've worked with me, who I've worked with. I I I wish you guys nothing but the best wealth and happiness and all that good stuff. [David] [14:02] But I don't know you. [David] [14:06] And one day you wake up and you feel a certain way about me, and then you're going to send it to zero. No. [David] [14:17] That that's idiotic. [David] [14:20] To have somebody hold your brand in their hands kind of thing is crazy. I'm not saying people can't sell. That that that's not the that's not what we're talking about here. But when people have control, that's a different story. That somebody's has you by the balls. [David] [14:43] Again, one day somebody loves you, the next minute they hate you, and they don't respect you. And I've seen it on the timeline. So it's like, this is nothing new to me. I've been in this space way too long. Like nothing shocks me. Like nothing nothing shocks me. That but if you're putting your brand on the line, if you're endorsing something, you better make sure that you are holding that motherfucker. [David] [15:08] Cuz like I said, I don't mean to be repetitive, but one day somebody wakes up and says, I don't like you. I don't like this guy. I don't like DG. I don't like David Goxteen. You know, I don't like him. I don't like the way he talks. I don't like his mannerisms. I don't I don't I just don't like his hair. Okay? I don't like his hair. I don't like his beard. Okay? I don't like the way he speaks. I don't like his guests. I don't like his show. I don't like his company. [David] [15:32] That's it. Boom. [David] [15:36] Guess who and and guess what? When and when somebody sells their 5% or 4%, guess who they're looking for? Me. They're looking to yell at me. They're not looking to yell at the person who sold. No, no, no. They'll be like, yo, David, how dare you? [David] [16:00] And that's unfortunately how the space operates. Listen, I'm not saying people are bad, but again, people are, you know, they have their own characters and one day they wake up and they feel a certain way. I mean, I'm sure everybody has woken up one day and felt a certain way about a certain individual or individuals. And at that moment, you've made a decision that you regret. People have that. We're all human. We're all human beings. [David] [16:30] We all human beings, man. Shit happens. [David] [16:37] And then you regret it, but it's too late. And no no sorrys can fix anything. [David] [16:43] Right? I'm right, right? [David] [16:48] So you can't blame me. Listen, if I was all about the money, I would have I would have went ahead and endorsed something from the beginning. You know what's funny when people talk about this topic? You know, when people actually talk about this topic. Let me let me say something about this topic in general. When people talk about this, right? I could have had an easier I I could have made it really easy for myself, right? I could have said, let's run with it, right? If I was money hungry, let's run with this. Because the things ran up to, right? If we're going to look at those if we're going to look at those tokens that were sent to me, some ran up to $3 million, right? With I didn't say a word. And they ran to 3 million based on somebody's theory. [David] [17:36] So I could have easily said, okay, go with it. The shit runs to 30, 40, 50 million, right? Hypothetically speaking. [David] [17:49] If it was all about the money, I could have just went with the meta. You guys call it a meta. I stay in my lane. Okay? Could have done that. I didn't. [David] [18:00] I didn't. [David] [18:09] I keep saying that I I like I want to I want to build something that's great. I want to build something that's great. I I'm taking all these I am I am literally removing myself from areas where like if I wanted to, I could have made I can make a lot of money. I can play with people that I don't like. I can play with the VCs. I can be their best friend right now. I'm not doing that. I'm not taking any shortcuts. That shit you should admire that. Here's here's me with a fucking great platform not taking a shortcut. I don't know. I I I don't know. I'm taking the long route. Taking the fucking long approach here. [David] [19:05] And in an era, the whole the whole point of me talking about supply control is that we are in a gamified era where you have people who have platforms that are going out there saying, do not hold, trade. And that's what they're saying and you're and you have this and and people who used to be holders and now jeets. And you're asking me to believe in people who can easily one day and wake up and jeet. Again, I am not saying profit taking is bad. It is you should take profit. Anybody who tells you not to take profit is an idiot. You should take profit. You shouldn't round trip. You should take profit like a gentleman. Okay? Like a lady. You should take profit respectfully. Don't kill a project. Take profits respectfully. But in this current era, there is no respectfully. Okay? People are absolutely monsters. [David] [20:05] Projects, great projects have been killed due to the fact that people have been absolutely malicious in their approach. [David] [20:24] Listen, the things that I say might not might not be your cup of tea. Okay? You know, rewind rewind the tapes. The best, you know, one thing, they everybody can say whatever the fuck they want, but you can rewind the motherfucking tape. And at the end of the day, I've always said take profit. Don't round trip. Don't take screenshots. When you're up, don't take screenshots. [David] [20:54] Don't stop taking screenshots. [David] [21:01] Stop taking screenshots. [David] [21:07] The minute that you take a screenshot of your profit, that's when you need to take your money out. Okay? Not don't full clip, but slowly start taking profit. [David] [21:22] Green candle, you you you want to take profit when it's green, right? When you when there's green candles and there's volume, you take profit because you're taking profit respectfully. There's a person, you don't want to be in the project no more. There's a person that will take it on during that volume. Okay? That's really you don't sell when there's no volume and destroy projects. But there are people that do not give a fuck. [David] [21:49] There are people that absolutely do not care. They do not care. To them it is, I'm going to make money and I don't give a fuck who I and listen, some of these people held for so long on on different cycles that this time around they've turned into monsters because the because the environment is toxic. [David] [22:19] That is the biggest problem that we have in the space that the that the environment is so toxic that people have said, you know what? I have to be a monster in order to win. And you know what? I have to also respect that as well. So now you're stuck in an environment where you have good people that say that I have to act like a monster in order to win here because if I don't act like a savage, I ain't winning. So I understand that I can respect that too. [David] [22:47] And that's the problem here. I gotta respect that that line of thinking. Cuz there are people that hold, I'm a holder. I want to hold. I want to see I want to see shit go up. [David] [23:02] But somebody with my kind of thinking gets left holding the bag. I become the only community member. Meanwhile, everybody's caking and then the people that do do the malicious and and just like completely destroy a project, they'll point the finger at the person who's the last fucking community member. [David] [23:21] This is where we're at, ladies and gentlemen. This is exactly where we're at. This is where we're at. [David] [23:29] Now, I'm trying to figure, here's my biggest thing. I'm trying to figure out, how do I rally the community? Like, how do I make the community believe in something? That is something that I'm trying to figure out. Cuz I keep watching and I and I watch the transactions, not that I'm pocket watching, I'm just watching if somebody's about that life or not. And like people say one thing and they do the opposite. So how do you fix it? [David] [24:02] I'm almost to the point like if the bull run starts, well, you know what? During a bull run, nobody wants to hold. Everybody's trying to fucking run into the next green project because all they see is green candle and that means go. Psychologically, green it's been taught to us from a psychological standpoint. It has been taught to us to go when there's a green light, right? Red means stop, green means grow, right? So in the red, though, in the markets, red means buy if it's a good asset. It doesn't mean stop. It means buy. And then green means go, right? So you're holding something and it goes. Like that's that's the way I see it. That's the way I've been taught. Yeah, we have people doing the opposite. In the bull market, you will see more people get wrecked than in a bear market. Bull markets wreck people more than people win. And that you can study and you can look at the stats from cycle to cycle. More people lose in bull markets than in bear markets. Because in a bear market, you can still go ahead and accumulate really good assets, sit back, be patient, send. That's really it. [David] [25:12] But again, like I sit here and I wonder like, how do I rally people? [David] [25:17] How do I how do I bring every motherfucker together, man? Or most community Like, aren't you guys tired of fucking losing? [David] [25:28] If you guys aren't tired of losing, then then then fuck it. Then like this doesn't even make sense for you. Like if you're good with losing and you're good with I'll click until I win, then like maybe the movement isn't for you. May maybe this whole thing, maybe this whole thing is stupid. Maybe what I am trying to do, and I feel like I'm like the only one out here fucking trying to do this, and I'm talking about with a platform. Maybe I'm just like, maybe I'm doing the stupidest thing in the world by trying to encourage us to rally behind behind something and believe in something and heal this motherfucker. [David] [26:12] Maybe I'm wrong. Maybe I'm maybe I'm maybe these dreams of mine of where we all rally together, maybe they're the dumbest things in the world. I don't know. That's something that I have to think about. Maybe it is dumb. Maybe all the people that told me, yo, Dave, like you're dumb, stupid for trying to do this. This is stupid. [David] [26:34] Like, why you why you even entertaining this? Like I had so many people reach out to me and tell me like, Dave, you're a fucking idiot for even attempting this cuz nobody's going to rally behind you. And it's not cuz they don't like you, it's because they have lost so much that they're looking for a win. And so they don't give a fuck about holding something. They don't believe in anything. [David] [26:55] I see that you said Marad is holding SPX 6900. And I respect it. I I've never said anything bad about Marad. Good for him. [David] [27:07] He believes in one asset that he believes that six SPX will flip the stock market. That's awesome. I think anything that you go into, you need to have that kind of belief. [David] [27:22] You know, the same people that I'm going to tell you something. The same people that continue to say or they've told me in the past, I wish I could have experienced 2001. I wish I was a I wish I could have experienced that time. All the same people that continue to run into bullshit. Sex flies, flies fucking and and and fish with a cigarette in his ass in you. Like all these things like that that are put out there, y'all keep going into them. [David] [27:57] You say one thing, hey, I want to be a I want to feel what it feels like being a part of something that goes to fucking multi-millions, billions. Next minute, you're in dog shit. So like, what the fuck? How am I supposed to take y'all seriously? There's a few of you guys that I believe that are that would want to participate, but I like I see it. [David] [28:19] Y'all get into these fuck Like, I'm telling you, they ran out of things to fucking make. We're talking about insects. Bro, we they had a mosquito out there yesterday. They had a mis fucking mosquito. Like, come on. What the fuck am I doing here, man? You can't take this space seriously. We'll be right back after this commercial break, man. [David] [28:41] What first got you excited about blockchains? Think about it. Oh, wait. [David] [28:51] I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing a broken financial system. [David] [29:04] Maybe it was imagining a world where people own their own data and get to sharing the value it creates. [David] [29:14] Or maybe it was the promise of a fundamentally better way of connecting, communicating, and transacting. The next phase of the internet that empowers us instead of exploiting us. So, why hasn't it happened yet? Where we're still living with the same broken system that blockchains promised to fix. It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. [David] [29:45] And that's why we build Midnight to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. [David] [30:00] Ladies and gentlemen, we all know this in crypto, ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets, all in one easy-to-use application. You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. Swap between coins in seconds. No copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. And with Cake Wallet built-in, you can use crypto in real life through debit cards or gift cards. Simple, secure, self-custody. Download Cake Wallet and take control of your crypto. [David] [30:43] This is Houston. T minus one minute until full data blackout. All eyes are on you. [David] [30:58] Breaking news. There is an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. [David] [31:08] Is that guy on FOMO? Oh, yeah. [David] [31:10] He's like me for crazy trader. [David] [31:12] Yeah, let's get back to it, everybody. [David] [31:27] Breaking news. There's an astronaut. [David] [31:35] Opportunity cost is simply this. Every position you take is a position you choose over something else. [David] [31:49] This just in. According to the astronaut's FOMO account, highest in the room, the satellite has been restored. [David] [31:57] Yes. [David] [32:00] For now, the crisis appears to be over. [David] [32:14] Satellite's up and running. Position's looking good, too. [David] [32:30] There we go. United States of America representing. [David] [32:33] Social omnivism does not work. [David] [32:36] Digital assets. Is it better to move money at the speed of light? [David] [32:39] People are greedy when they also try to acquire gold. [David] [32:41] I'm here providing electricity. [David] [32:45] And that energy that is necessary. [David] [32:47] I'm the modern day Tony Stark. [David] [32:52] You know, I'm glad to be back. [David] [32:54] Yes, sir. [David] [32:55] That news. [David] [33:00] There we go. United States of America representing. [David] [33:03] Social omnivism does not work. [David] [33:06] Digital assets. Is it better to move money at the speed of light? [David] [33:09] People are greedy when they also try to acquire gold. [David] [33:12] I'm here providing electricity. [David] [33:15] And that energy that is necessary. [David] [33:17] I'm the modern day Tony Stark. [David] [33:22] You know, I'm glad to be back. [David] [33:24] Yes, sir. [David] [33:25] That news. [David] [33:30] There we go. United States of America representing. [David] [33:33] Social omnivism does not work. [David] [33:36] Digital assets. Is it better to move money at the speed of light? [David] [33:39] People are greedy when they also try to acquire gold. [David] [33:42] I'm here providing electricity. [David] [33:45] And that energy that is necessary. [David] [33:47] I'm the modern day Tony Stark. [David] [33:52] You know, I'm glad to be back. [David] [33:54] Yes, sir. [David] [33:55] That news. [David] [34:01] There we go. United States of America representing. [David] [34:04] Social omnivism does not work. [David] [34:07] Digital assets. Is it better to move money at the speed of light? [David] [34:10] People are greedy when they also try to acquire gold. [David] [34:13] I'm here providing electricity. [David] [34:16] And that energy that is necessary. [David] [34:18] I'm the modern day Tony Stark. [David] [34:23] You know, I'm glad to be back. [David] [34:25] Yes, sir. [David] [34:27] Welcome back to the show. Welcome back. Uh, thank you for tuning in from wherever you're tuning in to go ahead and watch this show, the breakdown episode 783. Uh, hopefully this week I get my haircut. Yeah, I've been talking about my haircut for a long, long time. Um, shit, I can't wait to get a fucking haircut. I woke up this morning. I'm like, man, I I really want to get a haircut. Yeah, I I looked in the mirror. I was like, I really want to haircut. I really, really, really want to haircut. Um, but yeah, uh, shout out to everybody who tunes in. Shout out to the sponsors. Midnight, shout out to Midnight. Shout out to Polymarket. Shout out to Cake Wallet. FOMO. Uh, love them as sponsors. Uh, this Friday we'll go into Midnight City. We'll go ahead and check it out for 5, 10 minutes. See what I'm up to. See what my agent I'm I'm sure my agent is still chilling in the room. I have no no idea that's all I do is I chill in the room and I go work. That's what it seems like my agent does. Uh, also Polymarket. Listen, I use Polymarket to make to try to get the pulse of the streets because the pollsters suck. I'd rather go ahead and look at Polymarket and what they got to say. Cake Wallet, obviously, I use Cake Wallet. It's the most secure wallet to me. One of the most secure wallets that we have in the space. Uh, I I don't know how many times I've said this, but Vic Vic and that entire team have worked tirelessly on fucking developing this fucking great wallet. Okay? Like out of his own pocket type of shit and it's been around for so fucking long. And this is what I talk about. Support out real builders in this motherfucking space. Uh, also FOMO. FOMO, I've been saying this. I told some of my friends. I said, FOMO before they sponsored the show. I said, FOMO is going to be a phenomenal fucking application. It's something that we need. SocialFi is is real. People want to see shit in real time. And I talked about them. I talked about them. They blew up. I got them on here before. Honestly, before a certain audience ever saw them, I brought them on here. Like I was like, I I was really interested in sitting down and talking with them. We'll have them on this month. We'll go ahead and we'll chop it up. Talk about how many more users have jumped on to FOMO. It's crazy. It's growing. It honestly reminds me of what what Binance was. Like in 2016, like Binance, like when they started to make their way through the space and CZ was out there constantly replying to to DMs and and and just post and tweets. It it has that feel. So, if you're not on FOMO, you're doing it wrong. You really are. You can even use FOMO as uh as a reference to when you're trading. See why people are going into something. Or or or, you know, and see why and if you don't feel like the why fits, then you don't go into something. Um, but yeah, I touched on a lot of things today. I don't know if you for anybody just tuning in, I touched on a few things. Um, AI, obviously, from the AI standpoint. You know, there's a lot of conversation coming out from you got conversations that are coming out from um, Anthropic CEO saying that AI is moving too fast. They need to kind of put a halt to it. And I'm like, motherfucker, don't you understand what you designed here? Don't don't don't you understand what you guys were pushing here? Did you not realize we're going to come to this point at some point? I'm just saying. At some point, it didn't click for you. It really didn't click. Really? Um, I also talked about the state of crypto, man. I look at I talked about the Giants, by the way, the Giants. New York Giants. New York Giants look really good. The New York Giants look really good. It is the first time in a decade, I can say, or since Coughlin, since Tom Coughlin was the coach of the New York Giants, I have not seen I have not seen us run a professional offense like we ran yesterday. Yesterday, the New York Giants ran a professional style offense. And by the way, and defense. Defense wasn't really ever like the biggest problem with the Giants. But I gotta say, man, both sides of the ball, but especially impressed with Jackson Dart. It it it's it's super impressed with Jackson Dart. That man, I am telling you, once he really, really understands the system, it is game over. He's going to be a top top five quarterback in the fucking league. I don't give a
[Part 4 of 4] [David] [00:00] fuck what anybody says. Top five, 100%. He's mobile, he can throw the ball. He has the weapons, he has the weapons. He likely is his weapon. Likely and Malik Neighbors, those and uh Malakai uh Fields. Those three, they're going to grow into it. So, I I got to tell you, it definitely very impressive. I was impressed, I was impressed yesterday watching. Definitely impressed watching. Um, give me one second here. Give me just a second. [David] [00:57] Phone's buzzing. By the way, the Bears, yeah, the Bears had a good game too. 100% the Bears had a good game. Uh, Williams, man, at quarterback, he's grown. I I don't know what I I mean, I watched his rookie year, compared to his rookie year to now, I mean, the the guy, I remember people talking about it was the wrong wrong pick to go ahead and pick him. I think the Bears picked the right quarterback. I mean, he's doing great. I listen, I I want to watch good football. I want all these teams to play well. Not every team is going to play well, but I want all these teams to play well. So, uh, I was disappointed though with Odell Beckham and him not being utilized more yesterday because when he was in the game, that first one of the first first snaps that he, you know, he ran a route on, he cleared out the middle and the ball went right to Likely. So it was it was just crazy to see how I don't think Naggy, which is the offensive coordinator, I don't think he likes him. I have this feeling that Naggy doesn't like him and it this is really like, you know, Harbs bringing in and the Maras, they love Odell Beckham. They they like they they really brought him brought him in here and now they're going to like kind of make him quit, kind of like, I I don't know. I hope Odell proves everybody fucking wrong. Bottom line. [David] [02:15] As for crypto, look, you guys have to decide, I don't I don't watch the UC, no. I don't watch the CFL. Shout out to the Canadians and your, you know, the Canadian Football League. I mean, but I I don't I I think I watched it once or twice, man. I'm not saying it's not interesting, but like I I don't know. I don't I'd rather watch college football, man. Uh, I want to say about crypto, at some point you guys are going to have to figure this out. At some point, you guys are going to have to figure out what you really want to do here. Y'all got to figure out what you what you want to do. If you really want to rally behind a movement or you just want to make I I I get the concept of money. I understand the money part. Everybody came here to make money. Anybody who tells you they're not here for money is lying and full of shit. Everybody came here to make gains. But there are people that are here that love crypto. I love crypto and I want to see it built out. Like, don't you all want to rally behind something that is good? [David] [03:32] That's all I'll ask. Do you guys want to rally behind something that is good? Or do you like this? I mean, if y'all like this shit, then fuck it. There's nothing to talk about. If this is the shit that you like, fine. Let it be, man. It it's almost like let it roll. Let it roll. What can I say? And you know what? There there are people that continue to say, hey, Dave, support my project. Support my project, support my project. I want to build out my own shit. Like respectfully. And I do, you know what? It's funny. I do in some sense do support a lot of projects within this space. I talk about them. But like, I want to build out my own my own thing, man. Like, I want to build out my own movement that unites everybody. That if your project is cool, then we can go ahead and talk about it. Like, you you get it? Like, why why would I like why would I want to talk about your shit when I like don't like I'm trying to build something out. Like, I'm just trying to figure out. Everybody's like, oh, you know what's funny? The people the people that want me to talk about their shit will never support anything on my end. So it's like, why should I support you? I have that mentality now. I really do have that mentality. Like, if you support me, I support you. Like, it's a two-way street, not one-way street. David's always been, me, I've always been on this one-way street where I support everybody and like what percent will support me? So, that's how I'm feeling. That that's how I'm really feeling. [David] [05:13] I got people, like I said earlier today, like what like the two things that I went into, I got people doing malicious shit, man. It's crazy. You're only hurting the community, but these motherfuckers don't care about the community, so it doesn't matter. Whatever I say here right now, nobody gives a fuck. They don't care about the community aspect of it. I do. I do, because the community gave me the platform. I don't have this platform. Even even no matter how good I think I am, no matter how talented I am, no matter how I think I can break down crypto or politics, whatever it is, without the people, without the people supporting me, I would never have this platform to go ahead and talk. So I like I have something in my heart. I have this thing where I do want to I I want to jump in the mosh pit with the peeps. I want to jump in the mosh pit with the crowd. I want to have some fun with the crowd here. I don't want to fucking high five with the cabal or the KOLs or your favorite influencer. Like I I don't care about them. I want to I want to high five with my crowd, with the people that tune in every single day, that watch this on their TVs, on their phones, on their laptops, desktops, wherever. I want to have some fun there. [David] [06:36] So again, whether it happens in a month, two months, three months, six, our time will come. We just, you know what? The biggest thing that needs to happen is, you got to build a foundation. Bottom line. You got to build a foundation where there are people that actually see or understand what I'm saying here. Like if people hear me and they don't understand where I'm going with this, it'll never work. But if you understand like, hey, I want to be a part of the next movement. I want to be a part of the next Wall Street Bets. Like I want to I want to participate in the next one that sends. I want to be a part of an environment where I know I can go to sleep at night on the things that I go into. If you want that, then you'll fuck with me. If you don't want that, if you want risky situations, then you won't fuck with me. If you want to believe what's said on the internet, you won't fuck with me. You want to believe what my haters say about me, you won't fuck with me. And that's fine. I am at this point in my life where I don't care. There used to be a time where I was so like, I I want to say sensitive. I just didn't know how to how a person can motherfuck me on motherfucker me online. You you get where I'm going with this. It it was like points where like, what the fuck is this? Why can't people act like normal human beings? Why is everybody a fucking animal? [David] [07:57] Anyway. It's sad. You know what it is? It's sad that that a lot of people can't play along. And there's always a motive. Like I fuck your motive. I don't I don't work on motives, man. I work on real. Like if you're a real one, let's fucking play let's let's align. But I I don't like I I hate motives. I I go silent. It's when I smell motives, I go silent. That's it. Like if I smell a motive or an agenda, I'm out. Done. Like I Peace. Have a good day. Have a nice day. Have a better tomorrow kind of thing. I don't fuck with motives. [David] [08:47] Anyway. I want to thank everybody for tuning into the show. I promise you, by the by the end of this week, I will get back to my iconic look. Hopefully. I'll get back to my iconic look. Shout out to everybody who, shout out to everybody who, by the way, shout out to everybody who DMs me. Even though I don't reply, I see them. Thank you for the DMs, the kind words. Most of the words are kind. Shout out to everybody who shows up every single day to tune into this show. I don't know why you tune in, but you do tune in, so thank you so much. I appreciate you. I think a motherfucker somebody in I I think X doesn't like me. I got to say X does not like me. I will be Yeah, bro, I've been talking about my haircut. Like I am dying to fucking get a haircut. Ah, I'm dying to get a haircut. I really am dying to get a haircut. Though, though I do look in the mirror and I'm like, I like the rugged look. If I I do like the rugged look, but I'm like, I I but I need to get back to I need to get back to DJ. Um, I appreciate you guys. Thank you for tuning in. I hope you learned something from today's conversations. I really do. I hope you learned something. I don't know what I I hope you took something away from this. We'll be back on tomorrow. Same time, 12 to 2. I went overtime today because I started the show a little bit later. Uh, but I love you guys. On the real. I love you guys and um, I hope we all win together. I know that doesn't happen listen, not everybody's going to win, but I hope we all can take advantage of the opportunity together and win, right? I I hope that I hope I hope we can align with that. On that note, ladies and gentlemen, I am I'm out.